It's the price difference between the last Bitcoin price on Friday and the opening price on Monday when the CME (Chicago Mercantile Exchange) starts trading.
Why is it important?
* Price movement: Often, the gap is filled up after the market opens, meaning the price moves to cover the difference.
* Market sentiment: An upward gap suggests positive market feeling, while a downward gap means negative sentiment.
* Trading opportunities: Some traders try to profit from the gap by buying or selling Bitcoin when the CME opens.
Different opinions:
Not everyone agrees on the CME gap's importance. Some think it's a good indicator of future price movements, while others believe it doesn't really matter.
In short:
The CME gap can be useful for understanding market sentiment and potential price movements, but it's not a guaranteed way to make money.
It's the price difference between the last Bitcoin price on Friday and the opening price on Monday when the CME (Chicago Mercantile Exchange) starts trading.
Why is it important?
* Price movement: Often, the gap is filled up after the market opens, meaning the price moves to cover the difference.
* Market sentiment: An upward gap suggests positive market feeling, while a downward gap means negative sentiment.
* Trading opportunities: Some traders try to profit from the gap by buying or selling Bitcoin when the CME opens.
Different opinions:
Not everyone agrees on the CME gap's importance. Some think it's a good indicator of future price movements, while others believe it doesn't really matter.
In short:
The CME gap can be useful for understanding market sentiment and potential price movements, but it's not a guaranteed way to make money.
